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Citi cuts TP on Flight Centre Travel Group, flags limited FY27 growth

By Reuters News

** Citi says Australia's Flight Centre Travel Group's FLT.AX FY27 guidance implies little to no underlying travel market growth

** The brokerage maintains a "neutral" rating amid uncertainity over airfares, capacity and demand trends

** Co posted profit before tax guidance of A$290 million - A$325 million, with midpoint of A$30 million ($20.55 million)laregly in line with estimates

** Citi cuts TP to A$12.95 from A$13.20

** Adds "Leisure and Corporate demand have remained resilient despite elevated airfares"

** Eight of fourteen analysts rate the stock "buy" or higher, and six "hold"; their median PT is A$14, according to data compiled by LSEG

** Stock down 17.39% YTD, as of last close


($1 = 1.4601 Australian dollars)

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